Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.37 Million Investment in Liberty Energy Inc. (NYSE:LBRT)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Liberty Energy Inc. (NYSE:LBRT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 169,157 shares of the company's stock, valued at approximately $3,365,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Liberty Energy at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. grew its stake in Liberty Energy by 10.8% during the 4th quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock worth $102,992,000 after buying an additional 505,634 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Liberty Energy by 83.5% in the fourth quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company's stock worth $96,043,000 after acquiring an additional 2,197,352 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Liberty Energy by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,433,866 shares of the company's stock worth $48,410,000 after acquiring an additional 196,619 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Liberty Energy by 28.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,147,698 shares of the company's stock valued at $42,718,000 after acquiring an additional 480,957 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Liberty Energy by 8.1% in the 4th quarter. Van ECK Associates Corp now owns 2,082,239 shares of the company's stock valued at $41,416,000 after purchasing an additional 156,006 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LBRT has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of Liberty Energy from $16.00 to $13.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada lowered shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $24.00 to $19.00 in a report on Monday, March 24th. Morgan Stanley reduced their target price on Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Barclays cut their price objective on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Cowen restated a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.14.

Liberty Energy Stock Down 4.1%

LBRT stock traded down $0.51 during mid-day trading on Wednesday, reaching $12.06. The company had a trading volume of 2,490,729 shares, compared to its average volume of 2,797,401. The firm has a fifty day simple moving average of $12.07 and a 200 day simple moving average of $16.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 6.45 and a beta of 0.71. Liberty Energy Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $24.43.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a $0.08 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.65%. Liberty Energy's dividend payout ratio (DPR) is 21.19%.

Liberty Energy Company Profile

Liberty Energy Inc provides hydraulic services and related technologies to onshore oil and natural gas exploration, and production companies in North America. The company offers hydraulic fracturing services, including complementary services, such as wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods comprising sand mine operations, and technologies; and well site fueling and logistics.